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ZIV
VelocityShares Daily Inverse VIX Medium Term ETN

Price: $31.08
Change: $0.44 (0.01%)
Category: Inverse Volatility
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $26.59
  • 52 Week Hi $78.15
  • AUM $78.1 M
  • Shares 2.5 M

Analyst Report

This product offers inverse exposure to an index comprised of mid-term VIX futures contracts, making it a unique way to bet on declines in anticipated equity market volatility or to potentially exploit structural issues in VIX futures markets that lead to poor long-term performances for many products in the Volatility ETFdb Category. This ETN won't be useful to most investors, thanks to the daily reset feature and somewhat complex investment objective. But for those who believe that the long-term potential from shorting an index comprised of VIX futures is significant, this product might be quite appealing--especially to those with the stomach for some short-term volatility. it should be noted that because the VIX often experiences big swings, this product can also exhibit significant short-term volatility.

ZIV is an ETN, which means that investors with a position in this product are exposed to the credit risk of the issuing financial institution (but don't have to worry about tracking error). It should also be noted that this ETN offers exposure to an index comprised of VIX futures; that means that ZIV won't necessarily correspond perfectly to movement in the spot VIX (a benchmark in which direct investment is not possible). Because VIX futures markets are often contangoed, there can be significant gaps between changes in the spot price and returns available through a futures based strategy. ZIV is one of several products designed to exploit the contango in VIX futures markets, delivering short exposure to an index that can experience major return erosion as a result of the monthly "roll" process. This product is designed with sophisticated, risk-tolerant investors in mind; those who don't match most of those criteria should probably steer clear of this note.

There are several products that offer inverse exposure to VIX indexes, and these ETNs are far from identical. Most focus on indexes comprised of short-term VIX futures contract, as contango is often the steepest towards the short end of the futures curve. These products, which include XIV, XXV, and IVO, may be more volatile than ZIV (though the participation ratios of the latter two may translate into smaller moves). XIV resets exposure on a daily basis, while both XXV and IVO seek to offer inverse exposure over the life of the notes.

Historical Trading Data

  • 1 Month Avg. Volume 323,650
  • 3 Month Avg. Volume 144,806

Alternative ETFs in the Inverse Volatility Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest EXIV 1.35% $56.2 M 396,873 -84.35%
Largest (AUM) EXIV 1.35% $56.2 M 396,873 -84.35%
Most Liquid (Volume) EXIV 1.35% $56.2 M 396,873 -84.35%
Top YTD Performer EXIV 1.35% $56.2 M 396,873 -84.35%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

1
Number of Holdings
100.00%
% Assets in Top 10
Number of Holdings
1
Rank
1 of 2

% Assets in Top 10
100.00%

Sector Breakdown

ZIV Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

ZIV Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a

n/a
Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

ZIV Fund Flows

View charts featuring ETF fund flow data.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for ZIV on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Inverse Volatility with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B n/a
Expenses C+ n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

ZIV Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.542%
ETF Wtd. Average
0.19%
Category Average
1.35%
Expense Ratio
1.35%
ESG Themes and Scores

ZIV does not have an ESG score. There are no ESG themes that map to this ETF.

ZIV Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-5.10%
1 Week Return
-43.49%
4 Week Return
-57.22%
13 Week Return
-52.19%
26 Week Return
-56.77%
Year to Date Return
-58.47%
1 Year Return
-49.05%
3 Year Return
-25.79%
5 Year Return
1 Week Return
-5.10%

4 Week Return
-43.49%

13 Week Return
-57.22%

26 Week Return
-52.19%

Year to Date Return
-56.77%

1 Year Return
-58.47%

3 Year Return
-49.05%

5 Year Return
-25.79%

ZIV Charts

ZIV Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
260.95%
Rank
1 of 2

20 Day Volatility
146.03%
Rank
2 of 2

50 Day Volatility
99.79%
Rank
2 of 2

200 Day Volatility
73.63%
Rank
2 of 2

Beta
1.81
Rank
2 of 2

Standard Deviation
10.46%
Rank
1 of 2

Technicals

  • 20 Day MA $36.08
  • 60 Day MA $60.63
  • MACD 15 Period -1.76
  • MACD 100 Period -33.59
  • Williams % Range 10 Day 90.78
  • Williams % Range 20 Day 81.72
  • RSI 10 Day 33
  • RSI 20 Day 30
  • RSI 30 Day 30
  • Ultimate Oscillator 45

Bollinger Brands

  • Lower Bollinger (10 Day) $28.92
  • Upper Bollinger (10 Day) $37.38
  • Lower Bollinger (20 Day) $24.16
  • Upper Bollinger (20 Day) $48.35
  • Lower Bollinger (30 Day) $17.13
  • Upper Bollinger (30 Day) $73.76

Support & Resistance

  • Support Level 1 $30.54
  • Support Level 2 $30.01
  • Resistance Level 1 $31.47
  • Resistance Level 2 $31.87

Stochastic

  • Stochastic Oscillator %D (1 Day) 46.71
  • Stochastic Oscillator %D (5 Day) 20.92
  • Stochastic Oscillator %K (1 Day) 45.10
  • Stochastic Oscillator %K (5 Day) 25.24

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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